The real burden of an increase in the public debt:
A. may be very small or conceivably zero when the economy is in a severe depression.
B. will be smaller when full employment exists than when the economy has large quantities of
idle resources.
C. can be shifted to future generations if the debt is internally financed.
D. can best be measured by the dollar increase in the size of the debt.
A. may be very small or conceivably zero when the economy is in a severe depression.
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Investment is defined as
A) the purchase of a stock or bond. B) the purchase of new capital goods by firms. C) spending on capital goods by governments. D) what consumers do with their savings. E) financial capital.
The opportunity cost of holding money is the nominal interest rate
Indicate whether the statement is true or false